Where a plaintiff, through his bankruptcy trustee, has brought suit alleging he was entrapped by the defendants — a group of real estate speculators, real estate agents and brokers, appraisers, mortgage brokers, attorneys and mortgage originators — in an “elaborate and illegal property-flipping and equity skimming scheme” in which they tricked him into purchasing dilapidated properties at grossly inflated prices, the plaintiff’s claims are time-barred, and thus dismissal is proper.